Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

Guotai Junan (2611 HK)/Haitong (6837 HK)'s Merger: A Win For H-Shareholders

Asian Banks - Wide Variance in Credit Growth, and in Delta of Growth Rates in Recent Months

Quiddity Advisors

Event-Driven

Haitong Securities Co Ltd (H) / Event-Driven

<ul>
<li>
<strong><a href="https://www.smartkarma.com/entities/guotai-junan-securities-co-ltd-5dfaf2c5-76d3-4f34-a77d-118787fd7091" target="_blank" data-smartkarma-citation="entities:23752:1" rel="noopener">Guotai Junan Securities (2611 HK)</a></strong> and <strong><a href="https://www.smartkarma.com/entities/haitong-securities-co-ltd-h" target="_blank" data-smartkarma-citation="entities:5665:1" rel="noopener">Haitong Securities Co Ltd (H) (6837 HK)</a></strong>, two of China's leading state-backed brokerages, <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0905/2024090502014.pdf" target="_blank" rel="noopener">intend to merge</a>r via a share swap, subject to regulatory approvals.</li>
<li>Via a Merger by Absorption. GJS will issue new A and H shares to Haitong shareholders. The ratio hasn't been firmed. Upon completion, the MergeCo creates China's largest securities entity.</li>
<li>A merger is welcome - possibly mandated - amid challenging capital markets and a tightening regulatory backdrop.</li>
</ul>



Guotai Junan Securities (2611 HK) and Haitong Securities Co Ltd (H) (6837 HK), two of China's leading state-backed brokerages, intend to merger via a share swap, subject to regulatory approvals.
Via a Merger by Absorption. GJS will issue new A and H shares to Haitong shareholders. The ratio hasn't been firmed. Upon completion, the MergeCo creates China's largest securities entity.
A merger is welcome - possibly mandated - amid challenging capital markets and a tightening regulatory backdrop.


China Traditional Chinese Medicine (570 HK)

Haitong International Securities Group (665 HK)

Guotai Junan (2611 HK) & Haitong (6837 HK) Merger Creates China's Major Player